As Split Nears, H-P Bosses Tick Off a Surgery Checklist

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Robert McMillan Later this week, Hewlett-Packard Co. will disclose for the first time the financial outlines of its successor companies: HP Inc., which will sell PCs and printers, and Hewlett-Packard Enterprise, a supplier of corporate technology. Separating the balance ...

Sysco Ends Plans to Merge With US Foods -- 2nd Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Annie Gasparro Sysco Corp. abandoned its planned acquisition of rival US Foods Inc. following a federal judge's ruling against the deal, forcing the food-distribution giant to find a new strategy for its future that is likely to include smaller ...

3G Accelerates Management Shake-Up Ahead of Kraft-Heinz Merger -- Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Annie Gasparro And Maria Armental H.J. Heinz Co.'s private-equity owner accelerated its shake-up of Kraft Foods Group Inc.'s management ranks, ahead of a shareholder vote on approving their combination. Kraft and Heinz, which is controlled by Brazilian investment firm ...

Puerto Rico Calls for Concessions From Creditors--2d Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Aaron Kuriloff Investors in Puerto Rico's bonds braced for losses as soon as this week, after the U.S. commonwealth said it can't pay its debts as it works to stave off a cash crunch and rebuild its ailing economy. ...

Japan's SMBC Nearing Deal for GE European Private-Equity Finance Unit

TODAY: June 30, 2015 PUB DATE: June 30, 2015

Japan's Sumitomo Mitsui Banking Corp. is nearing a deal to buy General Electric Co.'s European private-equity finance business, according to people familiar with the matter, the latest step in the industrial conglomerate's retreat from banking. SMBC is expected to pay ...

Cheil Industries Promises Better Dividends if Merger Approved

TODAY: June 30, 2015 PUB DATE: June 30, 2015

SEOUL-?Cheil Industries Inc., the Samsung conglomerate's de facto holding company, said Tuesday it would boost dividends and establish a corporate governance committee -- but only after a contentious merger with Samsung's construction and trading company is approved by shareholders. The ...

Willis Group, Towers Watson to Merge in $18 Billion Deal

TODAY: June 30, 2015 PUB DATE: June 30, 2015

LONDON?Reinsurance and risk advisory firm Willis Group Holdings and professional services group Towers Watson on Tuesday said they had agreed to an all-stock merger that values the combined company at $18 billion. Under the deal, which has been approved by ...

German Retail Sales Grown in May

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Emese Bartha FRANKFURT--German retail sales continued to expand in May, beating economists' forecasts and supporting views that private consumption is likely to remain a solid pillar of growth in Europe's largest economy. Retail sales in May increased 0.5% in ...

French Consumer Spending Stable in April, May

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By William Horobin PARIS--French consumer spending was almost stable for the second month in a row in May, data showed Tuesday. Consumer spending in the eurozone's second largest economy rose 0.1% on the month in May after zero change in ...

European Markets Stabilize After Recent Turmoil -- 3rd Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Josie Cox European markets were relatively calm Tuesday in the absence of further meaningful developments on the Greek debt crisis. Stocks and bonds fell a little and the euro mostly held steady against the U.S. dollar. The mood was ...

CURRENCIES: Euro Stabilizes As Hopes For Greek Compromise Persist

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Joseph Adinolfi and Carla Mozee, MarketWatch The euro traded lower on Tuesday, but reports that Greek Prime Minister Alexis Tsipras might be reconsidering the latest proposal from the country's international creditors helped stabilize the shared currency. Athens is reportedly ...

Emerson Electric to Spin Off Network Power--Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Lisa Beilfuss Emerson Electric Co. on Tuesday said it would spin off its network power business and consider other transactions, a year after the company launched a strategic review. The St. Louis company expects to complete the spinoff of ...

Statoil Awards $888 Million Platform Contract to Samsung Heavy

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Dominic Chopping Statoil (STO) has awarded Samsung Heavy Industries (010140.SE) a seven billion Norwegian kroner ($888 million) contract to build two platform decks for its giant Johan Sverdrup development in the North Sea, it said Tuesday. The Norwegian oil ...

Cenovus to Sell Royalty Business to Ontario Teachers' Pension Plan

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Chelsey Dulaney Cenovus Energy Inc. on Tuesday said it agreed to sell its oil and gas royalty business to Ontario Teachers' Pension Plan for about 3.3 billion Canadian dollars (US$2.7 billion). The business, Heritage Royalty L.P., holds about 4.8 ...

CURRENCIES: Euro Narrows Losses Against The Dollar

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Carla Mozee, MarketWatch The euro narrowed losses against the U.S. dollar on Tuesday, with investors keeping watch on developments in Greece. The shared currency was buying $1.1193, but off a session low of $1.1134 following a report that efforts ...

Markets Are Shaken by Turmoil in Europe

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Tommy Stubbington, Corrie Driebusch and Josie Cox The growing threat of Greece's exit from the eurozone rattled financial markets Monday, as investors dumped stocks world-wide and moved to the safety of U.S. and German government bonds. The Dow Jones ...